tomo logo

$518,000

Beds
3
Baths
1.5
sq ft
1,488

1229 Stanhope Ave, Richmond, VA 23227

1229 Stanhope Ave

Richmond, VA 23227

  • 64 days on market
    • Price drop $24,000↓
Charming 1932 Cape in Bellevue with Potential for Expansion! This adorable home offers the perfect mix of city living in one of Richmond's hottest neighborhoods. After a long day, unwind with your favorite beverage on the back deck, your cozy sunroom or add a firepit on the concrete slab in the backyard (which could also be used for a shed or garage). The all-brick Cape exudes character, featuring arched doorways, hardwood floors, and a unique ship design on the exterior chimney. The interior is filled with natural light and well maintained hardwood floors. The oversized fully floored attic, offers the potential to be finished or leave for an amazing amount of storage space. Additionally, the large basement presents another opportunity for customization that is plumbed for a 1/2 bath. The quaint kitchen boasts a pantry, eat in nook and just waiting for your vision. The private, fenced backyard is perfect for entertaining or simply relaxing. You'll love the convenience of being close to Bellevue's restaurants, yoga studio, organic grocery, wine store, and the scenic Bryan Park. Easy access to I-95, Lewis Ginter Botanical Gardens, Scott’s Addition, and The Diamond make this an unbeatable location!

Details

Property type

Single Family Residence

Est. home value

$463,198

Lot size

7,000 sq ft

Price per sq ft

$349

Year built

1932

Annual property taxes

$4,380

Price History

11/05/2024
CentralVirginia

CentralVirginia #2422301

Price change
$518,000
-4.43%
10/11/2024
CentralVirginia

CentralVirginia #2422301

Listed
$542,000
10/08/2024
CentralVirginia

CentralVirginia #2422301

Removed
$542,000

Schools & Community

Neighborhood: 

Bellevue

Elementary school: 

Holton

Middle school: 

Henderson

High school: 

John Marshall

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$381,064
Asking price
$518,000
Closing costs (~8% of asking)
-$41,440
Est. remaining loan balance
-$95,496
Cash to seller
$381,064

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Union Mortgage Group Inc

Loan start date

December 2012

Original loan amount

$131,000

Est. remaining balance

$95,496

Interest rate

3.75%

Loan type

New Conventional, 30 year

Seller

Caroline T Tisdale

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/08/2024 at 3:35 PM

Listing updated: 11/05/2024 at 4:05 PM

Listed by: Melanie Davis, Neumann & Dunn Real Estate Phone #: (804) 754-1835

MLS: CentralVirginia #2422301

CentralVirginia logo

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